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Chelsea to close Call-Direct Account (2nd Issue)

Chelsea Building Society is closing its Call-Direct Account (2nd Issue) to new investors on March 31, but will hold the interest rate on the account at 6.3 per cent until then.

Existing investors will be able to add to their investments after this date. The account guarantees the interest rate will not fall more than 0.25 per cent below the Bank of England base rate before January 2003.

Chelsea launched the account with a pledge to pay £1 to Shelter for very account opened and will be paying £10,547 to the charity.

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